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CARIBBEAN | Even Without Infections, Fitch Says Coronavirus Threatens Caribbean & LatAm Economies

NEW YORK, NY, February 29, 2020- Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings. The ultimate impact will depend on the duration and intensity of the outbreak and its effect on China’s and global GDP.

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  • Countries CARICOM

Rating Weapon of Economic War

At the beginning of 2015 economic ratings given to Russia’s economy appeared in the West to cover the previous year, offer the forecasts for the current year and even for the period of 2016-2017. The ratings were presented at the World Economic Forum (January 21-23). Summing them up one can conclude that they look more like politically motivated decisions than economic assessments. It all boils down to one thing – Russia will face a deep economic crisis in the next two-three years. At the same time the leading rating agencies revised the ratings of the whole Russia’s economy and its largest companies, banks and regions.
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